Check out this arithmetic: Let's start with a restocking fee of 5 percent of the stickerprice (ouch!), add in the 50-cents per mile usage fee (yikes!), all the sales tax (what!?) plus finance fees, title, tag and registration (grrr!). Total it up on a premium ride like a Jeep Grand Cherokee Overland, and returning a car you just purchased for about $34,000 could easily cost about 14 percent of the total purchase price -- more than $4,600.

My Opinion: The fact is that most people don't return a new or used car, because everything is fine, but for that person or two who purchased a vehicle and for one reason or another need to return their recent purchased car, they should not have to pay up to 14% of the all in price to return the vehicle. To me, this is more expenive then renting a car for a month - one rental car company is $239 per week, thats $1000 give or take with insurance, compared to $2,300 on a $17,000 vehicle (Dodge Caliber pricing). This includes Chrysler's, Dodge's, and Jeep's...

Read the fine print on any new or pre-owned before you buy that next car including the return policy and onething, extended warrenty - look at that too. Check a buying guide for tips on that.

3 Comments:

Excellent blog and thanks for the opportunity to share my thoughts here. I am putting together a collection of photos and information on Dodge and so far I managed to cover some of the models, and you will find some cool Dodge Avanger photos, Dodge Caravan photos and high resolution Dodge Caliber photos. I hope you’ll find the website to be interesting, in case you want to pay it a visit.